(Translation)
January 23, 2015
Dear Sirs:
Name of the Company:
Representative:

Kewpie Corporation

Person to contact:

Masato Shinohara,
Officer and General Manager ofOperation Promote Department

Minesaburo Miyake,
President and Representative Director(Code No. 2809; the first section of the Tokyo Stock Exchange)

Notice of Settlement of Accounts of Parent Company, Etc.
Notice is hereby given that Nakashimato Co., Ltd., which is categorized as the parentcompany, etc. of Kewpie Corporation, has prepared its financial statements for the year ended
November 30, 2014, as described in the attachment hereto.
Description1.

Name of the parent company, etc.:

Nakashimato Co., Ltd.

2.

Location of its head office:4-13, Shibuya 1-chome, Shibuya-ku, Tokyo

3.

Representative:

Minako Nakashima,
Representative Director

4.

Attribute:

Kewpie Corporation falls under the category of
related company of any other company andNakashimato Co., Ltd. is such any othercompany.

5.

Ratio of its voting rights:

22.0% (including those held indirectly)

6.

Business content:

Sales of various processed foods

7.

Capital stock:

50 million yen- END -BALANCE SHEET(As of November 30, 2014)(thousands of yen)
ASSETS:
Current assets:
Cash and deposits
Trade accounts receivable
Merchandise
Supplies
Advances
Prepaid expenses
Short-term loans receivable
Accounts receivable - other
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Fixed assets:
Tangible fixed assets:
Buildings
Structures
Tools, furniture and fixtures
LandIntangible fixed assets:
SoftwareTrademark rights
Other intangible fixed assets
Investments and other assets:
Investment securities
Capital stocks in related companies
Capital investments
Long-term loans receivable
Long-term prepaid expenses
Prepaid pension expenses
Leasehold deposits
Funded insurance premiums
Allowance for doubtful accounts

8,568,254
185,125445,860
772,507
10,85487,503
29,664
6,916,626
221,80232,118
11,900(145,709)
23,174,465
495,904
152,806
335
11,591
331,171
19,481
11,467
4,844
3,169
22,659,079
2,587,967
10,047,799
104,866
8,924,654
14,116420,207
90,042
623,122(153,696)

TOTAL ASSETS:-2-

31,742,719

(thousands of yen)
LIABILITIES:Current liabilities:
Trade accounts payable
Short-term loans payableAccounts payable - otherAccrued expenses
Accrued income taxes
Advances received
Deposits received
Reserve for bonuses
Long-term liabilities:
Long-term loans payable
Deferred tax liabilities
Reserve for officers' retirement allowances
Guarantee money accepted
TOTAL LIABILITIES:

4,023,445
119,647
3,289,482
377,554
16,095
192,227
9,726
16,083
2,628
8,066,628
6,769,579
704,021507,528
85,50012,090,074

NET ASSETS:
Shareholders' equity:
Capital stock
Capital surplus:
Capital reserve
Other capital surplus
Earned surplus:Earned surplus reserve
Other earned surplus
Earned surplus carried forward to the following year
Revaluation and exchange differences, etc.:
Revaluation difference of other securities
Unrealized gains (losses) on hedges
TOTAL NET ASSETS:TOTAL LIABILITIES AND NET ASSETS:

18,339,728
50,0001,816,382
1,747,382
69,00016,473,346
29,75016,443,596
16,443,596
1,312,916
1,310,666
2,250
19,652,645
31,742,719(Note)All figures stated above are shown by disregarding any fractions of one thousand yen.

-3-STATEMENT OF INCOME(From December 1, 2013 to November 30, 2014)(thousands of yen)
Net sales

3,549,515

Cost of sales

2,452,581

Gross profit:

1,096,934

Selling, general and administrative expenses

1,013,039

Operating income:

83,895Non-operating income:

1,159,389

Interest income received

190,059

Dividends received

697,145

Others272,183

Non-operating expenses:

231,475

Interest expenses

126,466

Others105,009

Ordinary income:

1,011,808

Extraordinary income:

840,258

Gains on sales of stocks in related companies
Extraordinary losses:

178,340

Losses on disposal of fixed assets

2,774

Losses on impairment of fixed assets

57,035

Revaluation losses on investment securities

42,674

Revaluation losses on stocks in related companies

59,687

Other extraordinary losses

16,169

Income before income taxes

1,673,726

Corporate, municipality and enterprise taxes

376,237

Adjustment to corporate taxes, etc.

(22,011)Net income(Note)

840,258

1,319,500

All figures stated above are shown by disregarding any fractions of one thousand yen.

-4-[Shareholders]
As of November 30, 2014
State of stocks
Foreign
Othercorporations,corporations
etc.

Individuals
included inIndividuals,foreignetc.
corporations, etc.

State ofless-thanone-unit
shares(shares)

Central andlocal
governments

Financial
institutions

Financial
instrument
brokers

---

4-

-

48-

(thousand shares)

--

-

476

-

-

1,904

2,380

-

Shareholding ratio
(%)

--

-

20.00

-

-

80.00

100.00-Classification
Number ofshareholders

Total

Number of shares[Major shareholders]Name

Address

As of November 30, 2014
Ratio of sharesto the total
Number of
number ofshares held
issued shares(thousand shares)(%)

1,856

77.99

Minako Nakashima

Minato-ku, Tokyo

Kewpie Corporation

4-13, Shibuya 1-chome, Shibuya-ku, Tokyo

276

11.60

Nakato ScholarshipFoundation

4-13, Shibuya 1-chome, Shibuya-ku, Tokyo

100

4.20

T&A Co., Ltd.

4-13, Shibuya 1-chome, Shibuya-ku, Tokyo

70

2.94

Aohata Co., Ltd.

1-25, Tadanoumi-nakamachi 1-chome,Takehara City, Hiroshima Prefecture

30

1.26

Chiaki Nakashima

Minato-ku, Tokyo

20

0.85

Amane Nakashima

Shibuya-ku, Tokyo

130.58Chizuru Nakashima

Shibuya-ku, Tokyo

130.58

Total

2,380

100.00-5-[Officers]
As of November 30, 2014
Title
RepresentativeDirectorJob

Name
MinakoNakashima

Date of birthJune 3, 1937

Brief history
November 1991
November 2008
April 1983
October 1993

Director andPresident

Amane
Nakashima

September 26,1959

January 1994
February 1995
February 1997
July 2000
February 2003
February 2005

July 2005
October 2009
February 2010
January 2011
February 2012

-6-Statutory Auditor of the Company
Representative Director of the Company (present post)
Joined the Industrial Bank of Japan, Limited (current, Mizuho Bank,Ltd.)
Joined the Company
General Manager, Accounting Dept. of the Company
Corporate Auditor of Aohata Co., Ltd.
Director of the Company
Director of Kewpie Corporation
General Manager, Legal Dept. of Kewpie Corporation
Vice President and Director of the Company
Director of the Company
Executive Managing Director of Kewpie Corporation
General Manager, Environment Office of Kewpie Corporation
General Manager, Social and Environment Promotion Office of Kewpie
Corporation
General Manager, Division of CSR Promotion of Kewpie Corporation
President and Director of the Company (present post)
Director of Aohata Co., Ltd. (present post)
In charge of Compliance and Internal Auditing Department of Kewpie
Corporation

Number ofshares held(thousandshares)
1,856

13Title

DirectorDirectorJobName

General Manager,MasahiroGeneral Affairs
NishioDept.

GeneralManager,Accounting
Dept.

Noriki Kanda

Date of birth

September 8,
1954

September 25,
1956

Brief history

Number of shares held(thousand shares)

February 2014

Senior Executive Managing Director of Kewpie Corporation (presentpost)
In charge of Compliance, Internal Auditing Department and Brandand Advertising of Kewpie Corporation (present post)

April 1977

Joined Kewpie Corporation

October 2000

Joined the Company
General Manager, General Affairs Dept. of the Company

February 2005

Director of the Company (present post)

January 2012

General Manager, Operation Promote Dept. of the Company

October 2014
April 1979
October 2002

General Manager, General Affairs Dept. of the Company (present post)
Joined the Company
General Manager, Corporate Planning Dept., Division of Administrationof the Company
General Manager in charge of Treasury of the Group
General Manager, Accounting Dept. of the Company (present post)
Director of the Company (present post)

January 2011
January 2012
February 2012

-7-

Number ofshares held
(thousandshares)--TitleDirector

DirectorJob

Name

Masatoshi
Torigoe

Minesaburo
MiyakeDate of birth

October 17,
1954

July 22, 1952

Brief history
April 1978
April 2005
December 2010

Number of shares held(thousand shares)

February 2012

Joined the CompanyDirector and General Manager, Sales Dept. of To Solutions Co., Ltd.
President and Representative Director of To Solutions Co., Ltd. (presentpost)
Director of the Company (present post)

April 1976
July 2001
July 2002
February 2003
July 2004
February 2005
September 2008
October 2009
December 2009
February 2010

Joined Kewpie Corporation
General Manager, Household Sales Dept. of Kewpie Corporation
General Manager, Division of Household Sales of Kewpie Corporation
Director of Kewpie Corporation
Generally responsible for sales of Kewpie Corporation
General Manager, Tokyo Branch of Kewpie Corporation
General Manager, Division of Wide-Area Sales of Kewpie Corporation
In charge of Egg Products Business of Kewpie Corporation as deputy
In charge of Egg Products Business of Kewpie Corporation
Executive Managing Director of Kewpie CorporationFebruary 2011

Director of the Company (present post)

January 2013

President and Representative Director of Kewpie Corporation (presentpost)
Director of Aohata Co., Ltd. (present post)-8-

Number ofshares held
(thousandshares)--TitleDirector

DirectorJob

Name

Shunichiro
Ishiguro

Eiichi Nozawa

Date of birthJune 22, 1954

September 19,1954

Number of shares held
(thousand shares)

Brief history
April 1977

Joined the Company

October 1997

General Manager, Corporate Planning Dept. of the CompanyOctober 2002

General Manager, Division of Administration of the Company

February 2003

Director of the Company (present post)

February 2004

Corporate Auditor of Kewpie Corporation

January 2010

Corporate Auditor of Aohata Co., Ltd. (present post)

February 2011

Full-time Corporate Auditor of Kewpie Corporation (present post)

April 1978

Joined Aohata Co., Ltd. ("Aohata")

October 2005

General Manager, Group Operation Promote Dept. of Aohata

January 2006

Director of Aohata

March 2008

General Manager, Group Operation Promote Dept. and in charge of
Product Development of Aohata

October 2008

General Manager, Division of Operation Promote Dept. and in charge of
Product Development of AohataJanuary 2009Managing Director of Aohata

January 2011

Senior Managing Director of Aohata

October 2011

Responsible for Division of Fruit and Raw Materials and Division ofQuality Assurance of Aohata

January 2012

President and Representative Director of Aohata (present post)

February 2012

Director of the Company (present post)-9-

Number ofshares held
(thousandshares)--TitleStatutory
AuditorJob

Name

Date of birth

Brief history

ChiakiNakashima

December 25,
1965

November 2008

Number ofshares held
(thousandshares)

Number of shares held(thousand shares)

Statutory Auditor of the Company (present post)20Total- 10 -

1,890